Mountain Vail-Remaining Lots Sold!!!

Diamond Ventures has sold 76 lots to Richmond American Homes.  With this final sale Diamond Ventures has completed the sale of it’s remaining inventory in Mountain Vail, a 502 lot community in Vail with Lennar, KB Home and Richmond American.

International mining tech firm Hexagon to expand, relocate HQ to downtown Tucson

By Gabriela Rico, Mar 22, 2017

An international mining tech firm that last year was planning to leave Tucson, announced Wednesday that it is expanding its presence here and relocating downtown.

Hexagon Mining, on East Fort Lowell Road, near North Palo Verde Avenue, has chosen City Park for its new North American headquarters and plans to add 120 employees over the next five years.

City Park, at 40 E. Congress, is under development by Bourn Cos., and Hexagon will lease 26,000 square feet on the third and fourth floor.

The company’s workforce in Tucson is currently 140. New positions will range from executive management, engineers, and research and development to human resources, marketing and administrative support.

“It was a long process and we had to consider other places, not only in the U.S.,” Hexagon President Hélio Samora told the Star.

At a meeting of the Arizona Tech Council, Hexagon officials casually mentioned last year that the company would likely leave Tucson.

“We couldn’t find good office space and we had a good offer in Denver,” Samora said.

A flurry of activity ensued and soon, Hexagon was sitting with officials from the city, county, Sun Corridor Inc. and Bourn Cos.

“Their proposal allowed us to stay,” Samora said. “As a technology company, this will help us reinforce our image.”

He said the company plans to host training and sales presentations at its new space downtown to showcase Tucson.

Joe Snell, president and CEO of Sun Corridor Inc., said Hexagon’s business is an important part of a puzzle emerging locally.

“This was really exciting for me,” he said. “One of the things it screams to the world is that we’re a 21st-century mining cluster.”

Hexagon is an OEM-independent technology consulting company that provides mines with fleet and production optimization and safety technology.

There have been several job-related announcements in the past two years that have put Tucson in the national spotlight, Snell said.

“We planted some competitive seeds five years ago and we’re now bearing fruit,” he said. “There is a multiplying effect when companies see other companies moving into our market.

“We’re getting a reputation as an aggressive community.”

Upgraded office space downtown is also getting attention from companies that did not view Tucson as a place with modern urban workspace.

“This is huge for downtown Tucson: an international employer adding to the base of businesses who have established a presence in our urban core,” said Fletcher McCusker, chairman of the Rio Nuevo District.

Don Bourn, president of Bourn Cos., was thrilled the company chose his project.

“This will be a great catalyst for, not only our project, but also the continuing resurgence of downtown,” he said.

The City Park development, which was recently unveiled, will have retail and restaurant vendors in dedicated kiosks with shared seating on the first floor of the five-story building on East Congress Street between Scott and Stone avenues.

On the second floor, Bourn wants to have a bowling alley and event room for rent.

The third and fourth floors would provide office space and the fifth floor a space for flexible uses and a rooftop patio.

Applications for existing and upcoming positions with Hexagon are already being accepted at its current location, 3544 E. Fort Lowell Road, or by visiting hexagonmining.com/about-us/careers

The transition to downtown is expected to occur in the summer of 2018.

Two more projects prove downtown Tucson is thriving

By Bud Foster, March 14th 2017

Two new projects in downtown Tucson are keeping the forward momentum alive, according to local business and government officials.

There was a ribbon cutting for a new Greyhound Bus terminal at Euclid and Broadway and a quiet ground breaking for City Park at Congress and Stone on Tuesday, March 14.

City Park is a $19-million, five-story food hall, entertainment center and business complex which will sit on a half-acre parcel that has been vacant for nearly 13 years.

“Hopefully, when we’re done, everybody is going to feel this was worth the wait,” developer Don Bourn said.

Bourn said the development would not have been possible two or three years ago. He said things downtown have changed so rapidly downtown, it’s now viable.

The first floor will be a food hall, something which has become popular in larger, metropolitan cities across the country. It will feature 12-15 food vendors in fairly small spaces.

Each end will be anchored by a restaurant with outdoor patios.

The second floor will be an entertainment venue consisting of six lanes of bowling, a bar, pinball arcade and other amenities.

The upper floors will contain open office space culminating in a roof top 3,000 square foot deck, which can be used for live entertainment or outdoor parties.

“It’s an unconventional project by Tucson standards,” he said.

But with a half dozen housing projects, a new hotel, a second in the works, Caterpillar next door and the streetcar on line, the time may have come for a venue such as this.

The city of Tucson sold Bourn the property for $100 in 2004 and had proposed several housing projects for the site that never materialized, in part because of the recession and in part, because banks were not willing to lend.

But Bourn said developments go through many “iterations” because of the economics, financing and return on investment.

“This is one of most challenging projects we’ve ever done,” he said. “Certainly not nearly the largest project but one of the more challenging.”

The second project on the radar was a ribbon cutting officially opening the new Greyhound Bus terminal at Broadway and Euclid.

It fulfills a promise Tucson made to Greyhound 15 years ago that the old trailer at Congress and Interstate 10 would be temporary. Although it was Rio Nuevo that paid the $1.1 million for the new terminal.

For Greyhound, it’s a great move because now it’s just a stone’s throw from downtown and only three blocks from the University of Arizona, it’s biggest customer base.

“We realize that students represent over 15 to 20 percent of our population of riders,” said Myron Watkins, the customer service representative for the company. “It’s a growing segment of our ridership so it is certainly something we are targeting.”

Watkins said it’s not just Tucson but a nationwide trend which is why buses are now equipped with free wireless access, outlets and adjustable leather seats.

Rio Nuevo will also lease the terminal to Greyhound over a 20-year period, the first building Rio Nuevo built on a lease back plan. Caterpillar is the other, a $52 million project.

In both cases, Rio Nuevo will end up with a profit.

Rio Nuevo also put millions of dollars into the City Park project and the AC Marriott project, which will open in August downtown.

Rio Nuevo, it seems, has become what was envisioned when voters overwhelmingly approved it nearly 20 years ago.

And with that, downtown continues to thrive.

Rio Nuevo approves $43M for new Caterpillar regional HQ in Tucson

By Joe Ferguson Arizona Daily Star Jan 28, 2017

The Rio Nuevo Multipurpose Facilities District Board has approved a $43 million deal to build a new, permanent regional headquarters for Caterpillar Inc. west of downtown Tucson with plans to lease it back to the company.

The expenditure, approved last week, is a key part in a complex plan involving Rio Nuevo, the city of Tucson, Pima County and the state of Arizona to cement a $2 billion investment from the world’s leading manufacturer of construction and mining equipment.

The board also approved a general contractor for the construction project as well as firms to design the building.

Moving the company’s Surface, Mining & Technology Division to Tucson will bring more than 600 executive jobs during the next five years, according to plans previously announced.

The project, on a former landfill west of Interstate 10 that was to be the site of the long-abandoned Rio Nuevo science center project, is expected to be completed by March 2019. Caterpillar is temporarily housed in a county-owned building at 97 E. Congress St. while the new headquarters is built.

In total, Rio Nuevo has voted to spend $52 million to bring Caterpillar to Tucson.

Rio Nuevo has donated the land and site preparation and will lease the 150,000-square-foot building to the company at a reduced rate, said Rio Nuevo Chairman Fletcher McCusker.

The taxing district is exempt from the gift-clause issues that have hindered incentives from other jurisdictions, he said.

Pima County’s recent deal with the World View space balloon company has brought a lawsuit from the Goldwater Institute alleging violations of the gift-clause provisions in the Arizona Constitution.

With plans to secure funding through direct bank financing or by issuing bonds, building the headquarters will not use state funds and will be financed entirely by the private sector, McCusker said.

“Caterpillar would not be coming to Tucson except for these incentives,” he said, noting there has been renewed interest from other companies that might want to come here.

“Since announcing Caterpillar’s relocation, several other companies are now looking at Tucson as a possible corporate hub,” he said.

Commitments from the Arizona Commerce Authority, the city of Tucson and Pima County make the incentive package one of the largest in recent state history.

The Rio Nuevo board also selected Tucson-based Sundt Construction as the project’s general contractor, as well as SmithGroupJJR to design the building. The latter has partnered with Tucson-based WSM Architects because of its long history in the Tucson market.

Most notably, WSM has designed the Tucson Fire Central Headquarters, Tucson Police Department Forensic Crime Lab and the Sundt Tucson headquarters.

“We had a great response to our request for proposals,” said McCusker.

“The iconic Caterpillar project deserves the best team, and that’s what we have. We are especially happy to work with Arizona firms.”